Marilyn P. Martin, Realtor Metro Premier Homes

Marilyn P. Martin, Realtor  Metro Premier Homes Top Producing Realtor in Northern Virginia. 26+ years as highly skilled Agent, with strong negotiating skills and extremely ethical values.
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04/08/2019

TO BRIDGE OR NOT TO BRIDGE?? DO YOU KNOW HOW A BRIDGE CAN ASSIST YOU?
1) Bridge on New Purchase: This is helpful for those clients who have 20% to put down on their current home prior to selling their old (can come from Gift Funds or current HELOC), but they can’t Qualify for the new purchase loan under conventional guidelines. Under a purchase Bridge loan, there are NO Debt To Income Ratios to consider. The bank ONLY wants to know that the Bridge loan can be replaced by Permanent financing once their old home sells!



2) Bridge on Departing Residence: This program is beneficial for clients who have plenty of equity in their current home but can’t access it via normal channels, and they Qualify for the new purchase under Conventional guidelines carrying both home loans. This allows us to replace their current homes mortgage with an Interest Only loan program providing them the cash needed for their new purchase. When they sell their old home the Bridge loan is paid off.



3) Bridge on Both the Departing Residence and New Purchase: This is for clients who have plenty of equity in their current home, but Don’t qualify for conventional financing carrying both homes. In this case we provide a Bridge on departing residence to provide them the 20% down payment needed on the purchase. The Purchase Bridge loan doesn’t calculate the housing expense on departure residence so much easier to obtain. Once departure residence is Sold, we then replace the Bridge purchase loan with Permanent Financing.



Therefore, the Bridge Loan is a great way to allow BUYERS to obtain Approval Letters WITHOUT THE CONTINGENCY TO SELL THEIR CURRENT HOME!

Residential Mortgage Services Presents: The Markets in a Minute
02/24/2019
Residential Mortgage Services Presents: The Markets in a Minute

Residential Mortgage Services Presents: The Markets in a Minute

BEWARE OF WIRE FRAUD: During your transaction with us, RMS will NEVER ask you, via email, text or mobile app to wire or send funds to ANYONE, including a title company. DO NOT COMPLY WITH EMAIL, TEXT OR MOBILE APP BASED INSTRUCTIONS TO WIRE FUNDS! Contact your RMS representative by telephone instead...

Hello all my past customers and new visitors to my page I want to thank you all for 27 years of success thanks to many f...
11/22/2018

Hello all my past customers and new visitors to my page I want to thank you all for 27 years of success thanks to many folks for support, it has what has made me continue to do what I love! Have a beautiful Thanksgiving!

Need Realtor Advice?  Call Marilyn 703-606-1360.
10/22/2018
Hold an Open House to Increase Your Odds of Getting Burglarized

Need Realtor Advice? Call Marilyn 703-606-1360.

Hold an open house to increase your odds of getting burglarized. See how holding open houses can be a mistake and why they aren't necessary to sell a home. Open houses benefit real estate agents far more than they do homeowners. Real buyers always schedule showings for homes they are interested in v...

Were retiring where do we go.  Being that I am in this age range who better to ask than a Realtor who specializes in Ret...
10/22/2018
10 Off-Beat Cities Named Best Places to Retire

Were retiring where do we go. Being that I am in this age range who better to ask than a Realtor who specializes in Retirement Relocation and Seniors! Call mew 703-606-1360

Older buyers and sellers may not have thought of the top city as a place that potentially could fulfill all their needs.

Real Estate Humor
10/14/2018

Real Estate Humor

Got those old school cabinets we’ll check this out!
07/09/2018

Got those old school cabinets we’ll check this out!

#WHITEOUT MEETZ #BLACKOUT!
PAINTED CABINETRY - 1/3 PRICE OF REFACING!!
FREE ESTIMATE - Email pictures to [email protected]
Show room located in Sterling Virginia

The hourly wage needed to rent a two-bedroom home in every state
06/26/2018
The hourly wage needed to rent a two-bedroom home in every state

The hourly wage needed to rent a two-bedroom home in every state

A new report shows the hourly wages workers need to rent a two-bedroom home. Hawaii and California require the highest wages in the country to rent a home. On Wednesday, HUD Secretary Ben Carson will propose to increase the amount low-income households are expected to pay for rent, according to The

Tips about Tenants
06/20/2018
10 Qualities of a Good Tenant

Tips about Tenants

Finding the right tenant can make all the difference in your rental process. But how can you be sure you’ve found a good fit? Look for these qualities and you’ll be off to a great start.

06/16/2018

Please folks I am like the American Express Card don’t leave home without me!

Only In Virginia
06/16/2018
Only In Virginia

Only In Virginia

The official Virginia Page for OnlyInYourState.com. If you love this great state, join others from Virginia by liking us. :)

05/20/2018

Time is now!

Support our local small biz!
05/12/2018
iBuyFixCell

Support our local small biz!

Computer Company

Best Pest Management Company Around!  Simply awesome.  Honest, priced well do excellent work have used them for more yea...
05/10/2018
Pest Management Services, Inc.

Best Pest Management Company Around! Simply awesome. Honest, priced well do excellent work have used them for more years than I can even count.

https://www.facebook.com/mypmsi/

Serving Northern Virginia, West Virginia, and Garrett County, MD.

Call for a free inspection and one of our licensed inspectors will come out to assist you with your pest control problems!

03/13/2018

CAN I PURCHASE A HOME WITH AND HAVE A COSIGNER?

Like credit cards or car loans, some mortgages allow borrowers
to have co-signers on the loan with them, enhancing their application. However, a co-signer on a mortgage loan doesn’t have the same impact that it might on another loan. Furthermore, it poses serious drawbacks for the co-signer.
Mortgage Co-Signers
A mortgage co-signer is a person that isn’t an owner or occupant of the house. However, the co-signer is on the hook for the loan. Typically, a co-signer is a family member or close friend that wants to help the main borrower qualify for a mortgage. To that end, he signs the loan documents along with the main borrower, taking full responsibility for them.
When a co-signer applies for a mortgage, the lender considers the co-signer’s income and savings along with the borrower’s. For instance, if a borrower only has $3,000 per month in income but wants to have a mortgage that, when added up with his other payments, works out to a total debt load of $1,800 per month, a lender might not be willing to make the loan.
If the borrower adds a co-signer with $3,000 per month in income and no debt, the lender looks at the $1,800 in payments against the combined income of $6,000, and may be much more likely to approve it.
Co-Signer Limitations
Co-signers can add income, but they can’t mitigate credit problems. Typically, the lender will look at the least qualified borrower’s credit score when deciding whether or not to make the loan. This means that a co-signer might not be able to help a borrower who has adequate income but doesn’t have adequate credit.
Risks of Co-Signing
Co-signing arrangements carry risks for both the borrower and the co-signer. The co-signer gets all of the downsides of debt without the benefits. He doesn’t get to use or own the house, but he’s responsible for it if the mortgage goes unpaid.
The co-signer’s credit could be ruined and he could be sued (in some states) if the borrower doesn’t pay and he doesn’t step in. For the borrower, having a co-signer adds an additional level of pressure to make payments since defaulting on the loan will hurt him and his co-signer.
As always, it’s a good idea to speak with your trusted mortgage loan professional for advice in your specific situation.

03/13/2018

s part of my ongoing service to you, I like to share information on trends in the real estate industry. Simply click here to view an interactive map with the most up-to-date rates of change in home values, as well as appreciation rates over a number of different time periods.

My hope is that understanding recent and long-term trends can help you remain an informed consumer, whether you're comfortable in your home or considering a change. Please take a few seconds to check it out.

If you have questions or if I can ever be of service to you, your family and your friends, please let me know. I am here to help and happy to do so.


This information is derived from the FHFA All Transactions Index and is compiled by Estate of Mind, Inc., for the period illustrated. Figures shown are historical averages and as such, do not represent price movement for any one property. All property values can rise or fall independently and may do so based on many factors. Information is deemed accurate but not warranted.

Buying a Home: Should You Do it Now or Later?
02/11/2018
Buying a Home: Should You Do it Now or Later?

Buying a Home: Should You Do it Now or Later?

Last month, the Federal Reserve, in a unanimous vote, decided to further decrease its bond purchasing. The bond purchases were the government’s stimulus package created to keep long term mortgage interest rates artificially low in order to help drive the housing market. Most experts believe that t...

12/22/2017

HERE IS COMES FOLKS WEKNEW IT WAS COMING SO NOW ALL OF YOU FENCE SITTERS BETTER GET OFF THAT FENCE.

The Fed increased rates at their most recent meeting. They also indicated they will likely raise rates three additional times in 2018. Please read on for more:

First, who is the Fed and what do they do?
The Federal Reserve Board (the Fed), controls the Fed Fund Rate and the Discount Rate. These are charges for overnight loans from bank to bank or from the Fed to member banks.

What does an increase mean for regular people?
• It could cause banks to increase their “prime rates,” which are often used to calculate interest on consumer products like credit cards and home equity lines of credit (HELOCs).
• Mortgage rates are long-term rates and not directly controlled by Fed rate changes. However, mortgage rates are influenced by Fed policy, and rates can rise in anticipation of future Fed action. There are exceptions, yet home loan rates will typically follow overall interest rate trends over time.

Upcoming change in leadership at the Fed:
In January 2018, the current Fed chair, Janet Yellen, will step aside for a new chair, Jerome Powell. Time will tell whether this transition will impact overall policy.

Here’s what we know:
With the uncertainty, I’m tracking the changes carefully and am happy to keep you informed whenever you like.

Good news!  Rates are fantastic and inventory has increased a bit!  So if you wish to move and list your home for sale o...
10/24/2017
Existing-Home Sales Slightly Stir in September

Good news! Rates are fantastic and inventory has increased a bit! So if you wish to move and list your home for sale or you are a first time homebuyer now is the chance! Are u Retiring and want to relocate call me let’s chat! Marilyn 703-606-1360

Existing-home sales slightly stirred in September 2017, according to the National Association of REALTORS® (NAR).

Appraiser Shortage
10/23/2017
AAA AMC Addresses the Appraiser Shortage

Appraiser Shortage

Today we talk to Marlene Chaker, owner of AAA Appraisal Management Company about the Appraiser Shortage. CLICK HERE to go to AAA-AMC.net and reach

10/09/2017
09/22/2017
Design Home

Design your home !

Play Design Home and compete in today's interior design challenge!

09/19/2017

HOW MUCH DOWNPAYMENT AND WHAT DOES IT TO FOR YOU! Are you thinking about buying a new home? If you are going to take out mortgage financing, one consideration you will have is your down payment, which is the amount you pay up front in cash to cover some of the purchase cost. Let’s consider a few points that will help you to decide how much is the right amount for your down payment.
How Much Do You Have?
The most obvious question you will need to answer is: how much do I realistically have to place as a down payment? Keep in mind that your down payment is money that you aren’t going to see again until you sell your home. While you want to invest a significant amount for reasons we will share below, you still need to maintain a cash cushion of a year’s salary or so in case you fall ill or lose your job.
More Down, Less Monthly
The main case for putting as much as you can into your down payment is that the more you invest, the less you have to borrow. This means that over time, you will pay less interest and you will also have lower monthly payments. Keep in mind that with today’s low interest rates it’s a bit less of a burden to carry a large mortgage. However, these rates may swing upwards over the years, which will increase your costs.
The Need For Private Mortgage Insurance
If you’re going to put less than 20 percent down on your home, you’re almost certainly going to be required to purchase mortgage insurance. There are numerous options available to you, including those offered by the Federal Housing Administration or FHA. Your mortgage lender will share this and other private insurance policies that will protect you.
Don’t Forget About Lost Opportunity Cost
Finally, don’t forget to factor in the lost opportunity cost that comes with investing a large down payment. Unless you have a terrible money manager, your mortgage interest rate is likely to be less than you would be able to make investing the difference in your financial portfolio. If you’re thinking about putting an extra $50,000 in your down payment, consider that you might be able to make 5 to 10 percent on that over the next decade. There are no guarantees in investing, so speak with a professional for further guidance.
It’s not easy to choose the perfect amount for your down payment. If you have further questions or would like to know more about your mortgage options, contact us today. We’re happy to share our experience to help you choose the best mortgage for your new home.

This is a great piece of info regarding the entire Nations appreciation rate.  Sure beats 2010.  Need to buy, sell or re...
09/19/2017
Real Estate Appreciation Data

This is a great piece of info regarding the entire Nations appreciation rate. Sure beats 2010. Need to buy, sell or rent a home. Call me 703-606-1360.
http://estateofmindsites.com/map.php?uid=efk

This information is derived from the FHFA All Transactions Index and is compiled by Estate of Mind, Inc. for the periods illustrated. Figures shown are historical averages and as such, do not represent price movement for any one property. All property values can rise or fall independently and may do...

09/15/2017

Yes its not all so easy for sure. Anyone doing this for as long as I have and many others find out the real gig.

WELLS FARGO IN THE HOT SEAT AGAIN.
08/30/2017
Another Judge Slaps the CFPB

WELLS FARGO IN THE HOT SEAT AGAIN.

Another Judge slaps the CFPB saying they are not complying with what is being requested and they failed to provide a knowledgeable witness regarding t

Look at this Beautiful Home Under Contract...
08/24/2017

Look at this Beautiful Home Under Contract...

Come and see your Dream Home in Vienna, Virginia.
08/24/2017

Come and see your Dream Home in Vienna, Virginia.

Location Location and more!  Loaded with special features!  Custom Home over 3300 sq feet of a home that feels like Coun...
08/21/2017
9808 Bridleridge Ct, Vienna, VA 22181 | MLS #FX10030359 | Zillow

Location Location and more! Loaded with special features! Custom Home over 3300 sq feet of a home that feels like Country but a stones throw from Vienna Metro and more! Brick and vinyl! AuPair suite or in law and yes can accommodate 2 families 5 BR. 3 full baths!

For sale: $899,900. Luxury Living*Sought after Vienna Area near Metro*Loaded with extras such as whole house generator, possible Au Pair or In Law Suite*5 Large bedrooms*Every room is oversized*Professional landscaping and concrete walkways throughout yard*Rear Bump Out screened porch 12x24*Treks De...

Address

13800 Coppermine Road
Herndon, VA
20171

Opening Hours

Monday 10:00 - 19:00
Tuesday 10:00 - 18:00
Wednesday 10:00 - 18:00
Thursday 10:00 - 18:00
Friday 10:00 - 18:00
Saturday 10:00 - 18:00
Sunday 10:00 - 18:00

Telephone

(703) 606-1360

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